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-term debt ceiling increase, pass that through the house with spending cuts, deal with the other elements of government spending and then set up a protracted argument or debate over the debt ceiling going forward. as republicans say, when it comes to their strategy, cutting spending is imperative. melissa: there's no celebration the fact we're a nation of $16 trillion in debt and you have someone in the white house that says to do the one thing that makes absolutely no sense whatsoever, and that is raise the debt ceiling with no change in the future? that is actually an absurd argument i don't think any householder in a state run well operates like that. >> house budget committee chairman spoke to reporters a short while ago saying this to work in the strategies on all this trying to identify the spending cuts that they want to include any increase in the debt ceiling. also says despite what some pessimist might say, house republicans still plan to pursue tax reform this year in the house. whew. melissa: it'll be interesting to see the hold up on anything real on the spending cuts side. t
't go down to the wire and contest the debt ceiling increase. all these things have swept away a lot of nagging concerns and the next thing to worry about is people don't know exactly what the next thing to worry about s is. >> let's turn it over to you. what are you expecting throughout the rest of this earnings season. we haven't had any major blowoffs, but we're not talking about, you know, that great a situation in terms of revenue growth, right? how would you characterize the earnings period? >> well, i think this is really important. all of this is about expectations. we're coming out of this period where investors have ripped a quarter of a trillion dollars out of stocks in favor of bonds. now they are looking at that three-year performance number of let's say the aggregate bond index and the stock market, and they are saying, you know what? earnings, fiscal cliff, all of these things that have kept me on the sidelines, truthfully the expectations just aren't that high. we've already walked down the q4 numbers very quietly, and keep in mind we're hitting the new highs in the
giving the president a debt ceiling increase until the end of his term if he's willing to agree in big changes in entitlement programs. they've got to come up with something. >> megyn: they have to come up with a game plan. we saw with the fiscal cliff negotiations the end of the year they were divided and boehner couldn't sort of corral his house republicans to be on the same page and so now he's trying to do that and to get reelected speaker, he says i'm going to listen to you, i'll be your choice. now, the question, chris, whether you think these house republicans can speak as one and can find, you know, their one mission. you know, who you are and what you stand for. what my parents used to say to me. i say to my kids, who are you and what do you stand for and they're trying to figure it out. >> boehner is not going to try to corral anybody, from the cowboy rounding them up to the announcer at a horse race, he's saying what's happening as they're running along. >> megyn: and by a length. >> exactly, exactly. that he is he going to say, okay, what do you want to do. tell me what you
go over the debt ceiling, we do not increase the debt ceiling, republicans will not win the debate. they will argue they are not increasing it because they do not want to control spending but they will not win the debate. what will happen is the white house will pay with cash flow of the interest on the debt. the debt will not be called. what they might not pay our social security checks. the moment the american citizen figures out they may not go out, the game is over. tenfold. because believe me, though congress can stand up to the senior lobby. so that is not a legitimate process to take the debt ceiling as the hostage. the appropriate goal, whether the debate should occur. the president gets to talk about the faults. he gets to talk about social security. we should be talking about spending. spending restraints. where is the logical place to do this? the logical place is on the sequestered. that is where the next pressure point should be. we should have the debate over how much spending should be restrained and how it should be restrained. the sequester is a 1.2 trillion dollar
, if we go over the debt ceiling, we don't exceed -- we don't increase the debt ceiling, republicans aren't going to win the debate. they'll argue that they're not increasing it because they don't want to control spending, but they're not going to win the debate, because what will happen is that the white house will pay with the cash flow of the country the debt, the interest on the debt. the debt won't default. what they might not pay and will certainly threaten not to pay are social security checks. and the moment that the american citizen figures out that the social security checks might not go out, game's over. because, believe me, no congress can stand up to the senior lobby if it's concerned and rightly concerned about its ability to exist because it doesn't get it checks. so that's not a legitimate process, to take the debt ceiling as the hostage. the appropriate goal here whether the debate should occur, plus, if you use the debt ceiling as the issue, the president gets to talk about default, he gets to talk about social security, and from a republican standpoint, we should be tal
. this is underappreciated. the paul ryan budget plan required an increase in the debt ceiling. let's be very clear about that. i completely agree with jonathan on this. in fact, these are people who pose as budget hawks. they're really chicken hawks. >> those are the people who are going after chuck hagel who didn't serve in vietnam. >> varijared, the president yesterday in talking about proposals to deal with the issue of gun violence mentioned the idea of employing another 14,000 police officers as part of a gun control package. okay? >> right. >> but doesn't that have the double value of not only increasing protections but also actually employing people? >> right. when i heard that -- >> but is that -- does that come under the word stimulus that paul ryan finds unacceptable. >> i'm afraid if you call it stimulus it may not happen, but yes. but yes, you're right. one of the things i did and once i read that was to try to figure out there's no good -- one database on this, but to figure out how many police and sheriff have been laid off and i got a number around the 10,000 range and, by the way, you ca
will refuse to raise the debt ceiling and thereby cause an economic catastrophe by making the country default on its debts. >> house republicans if anything are more determined than ever to tie any increase in the debt crilg to spending cuts. they are huddled away at their retreat in williamsburg, virginia as we speak. determined to present a united front against this. in fact, the theme, they are gathering down in williamsburg is many voices. one conference. a senate republicans are equally determined, listen up to senator john have speaking earlier today on fox news. >> we have a spending problem in this country. people all across the country know it they know it in wyoming. families have to balance their budget every year. many states do. we do in wyoming. it's time for this senate and the house and the president to get serious about limiting our spending and specifically the wasteful spending that continues. >> so bottom line, bill, both parties have staked out oppositions virtually identical to the positions they staked out during the last debt ceiling fight. no signs of bipartisanship e
, is for congress to do what it's supposed to do and needs to do and authorize an increase in the debt ceiling to pay our debts, pay our bills and that's the right way to do it, and, you know, i think that's what will eventually happen, but i don't think that going off in the other direction would be all that helpful. >> hello, chairman, i'm a second year -- [inaudible] >> second question, does the debt ceiling have a practical purpose and could it be eliminated without much consequence. >> does what have? >> the debt ceiling. >> oh, no, it doesn't really have -- symbolic value, i guess, but what -- no other country, i believe, maybe one or two other countries, but i think essentially no other countries in the world have this particular institution, just so everybody understands what it is. the congress appropriates a hundred dollars, tells the government to spend a hundred dollars on whatever, and then it raises $80 in revenue through its tax code. now the math here says, you know, go to the go borrow $20; right? no, congress has a third rule saying 100 minus 80 equals 20. if the congress is
Search Results 0 to 9 of about 10 (some duplicates have been removed)